
Call for extension to European payment security standard deadline
Payments processors across Europe have called on the continent’s banking regulator to extend the deadline for meeting the Secure Customer Authentication (SCA) security standard as the Covid-19 crisis strains resources.
Businesses are directing all resources possible to surviving the current global crisis, with limited resources left for projects such as SCA compliance. This is being made worse by lockdowns and staff cuts.
On behalf of non-bank payment processors, which it represents, the European Payment Institutions Federation (EPIF) – made up of the likes of Visa and Mastercard – has written to the European Banking Authority (EBA) asking for more support,